Iraqi Dinar and ISX ~ Expert: the stock market needs two years to adapt to delete the zeros of the Iraqi currency

Thursday, May 24, 2012

Expert: the stock market needs two years to adapt to delete the zeros of the Iraqi currency

The head of Economic Information Center Dargham Muhammad Ali, that the application of the deletion of three zeros from the Iraqi currency will impact on the Iraqi market for securities, indicating he needed two years to adapt to the new system.

Ali said the project to delete the three zeroes from the Iraqi dinar will affect the Iraqi Stock Exchange index in terms of replacement of dinars to the money, requires re-programming systems of its own, and enough time to gradually adapt to the new situation.

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